Additional Borrowing on Mortgage - Is a deposit towards a new home a valid enough reason?

hitman126

I have an existing mortgage with the Yorkshire Building Society and currently considering taking out additional borrowing on the mortgage to raise a deposit towards a bigger family home. I am a bit worried though that the purpose of the loan may be rejected by YBS, as it may be considered as not a valid enough reason or criteria for an additional loan. 
Before I drop myself in it by contacting them, I'd like some advice on whether or not a deposit towards a new home is a good enough reason for a lender to approve this type of loan application and if anyone has had any such previous experience with the Yorkshire Building Society that they can share, all the better.  Thank you. 

John_

Do you mean that you are keeping your current home and buying another?

If so, yes, this is possible. I did the same myself a year back, I bought a new house before selling the existing one and raised the deposit through a mortgage on my existing home, with HSBC.

[Deleted User]

Ive done this too, to buy a house to live in and keep my old house for my son to live in 

dimbo61

You might be better talking to a whole of market mortgage broker.
YBS can be quite strict with lending.
I do Love offset mortgages and have been a YBS customer.
Not a simple thing you are trying to achieve so get Help